Tag: E-Procurement

Public procurement is the process by which governments buy goods and services. It is a critical process, as it accounts for a large proportion of government spending. According to the World Bank, in African countries, public procurement accounts for 20–40% of GDP. Public procurement can have a big impact on the economy. When governments make bad decisions about procurement, it can lead to corruption and waste. On the other hand, well-managed public procurement can lead to increased transparency and accountability and …